ZURICH/LONDON (Reuters) – Swissport has secured hundreds of millions of euros of financial backing from creditors, gaining a vote of confidence in its future as the travel sector is hard hit by the COVID-19 crisis. The Swiss-based airport ground services firm said a comprehensive restructuring with lenders included 300 million euros ($353 million) in interim […]
Senator Bernie Sanders, the progressive Vermont independent, has emerged as a contender for labor secretary in President-elect Joseph R. Biden Jr.’s administration, a prospect that would suit his ambitions of being a warrior for working Americans — and one that makes some Senate Republicans very uneasy. It is a testament to the deterioration of the […]
NEW YORK (Reuters) – European Central Bank chief economist Philip Lane defended his bank’s experiment with negative interest rates on Friday but said he was aware of the risks and the ECB was watching for unwanted side effects. The ECB has kept its key rate in negative territory since 2014 and markets do not expect […]
